5 Things You Need To Know About Nissin Foods
By SmallCapAsia  •  May 19, 2022
Nissin Foods Co Ltd is a Hong Kong-based company. The company produces and sells instant noodle, frozen food, retort foods, beverage products and snacks in Hong Kong and China. It sells its products under the brand name NISSIN, DOLL, Cup Noodles, Doll Instant Noodle, and Fuku. The company’s operating segments include HK Operations and PRC Operations. It derives a majority of revenue from the PRC Operations segment. In case you have missed it, the company is owned by the Ramen Instant Noodles-maker giant Nissin Foods of Japan. They have a majority 72% stake and they’re the ones that led to the Hong Kong IPO in 2017. #1 New Smart Production Line The Company announced approval of a maximum funding support of HK$15 million from the Reindustrialisation Funding Scheme under the Innovation and Technology Commission of The Hong Kong Government. The funds are allotted for the installation of a new...
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